The Great Deflation
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. This is one of the few sustained periods of deflationary growth in the history of the United States. This had a positive effect on the economy in general, as the purchasing power improved.
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The Great Deflation
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. This is one of the few sustained periods of deflationary growth in the history of the United States. This had a positive effect on the economy in general, as the purchasing power improved.
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The Great Deflation or the Gre ...... quite as clear on the matter.
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The Great Deflation or the Gre ...... the purchasing power improved.
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The Great Deflation
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